Financial Times 2022 Business School Rankings are out and the Wharton School of Business at the University of Pennsylvania tops the list (for the 11th time!). Surprisingly, Columbia Business School has seen a massive jump in the rankings with its MBA program and has taken the second rank. INSEAD and Harvard Business School are sharing the 3rd position followed by Kellogg School of Management at 5th. Stanford Graduate School of Business landed on 6th position, the University of Chicago Booth at 7th, and London Business School at 8th position. Yale School of Management finishes in ninth place, while the top MBA programs from the business schools at NYU Stern and the University of California Berkeley also feature in the top. Dartmouth College’s Tuck School of Business and the University of Virginia Darden School of Business dropped eight and nine places, but remain in the top 20.

M7 schools (Harvard, Stanford, Wharton, Booth, Kellogg, MIT, Columbia) are back on the list and have taken 6 of the top 10 spots. MIT Sloan is the only M7 school to place outside the top 10, in 11th place. However, the return of the top US schools to this ranking, after deciding not to participate in 2021 due to the pandemic, has created a punishing cascade of declines for many schools. Apart from INSEAD, only London Business School and IESE could secure positions in top non-US schools.

Let’s have a look at how the Financial Times MBA 2022 ranking of B schools is conducted. The following table will give you a fair idea of the same.

Category%Category%
Aims achieved3%International Board2%
Alumni recommendations3%International faculty4%
Career progress3%International students4%
Career Services3%International experience3%
Corporate social responsibility3%International mobility6%
Employed at 3 months3%# articles published10%
Extra languages1%Salary increase20%
Faculty with doctorates5%Value for Money3%
Female faculty2%Weighted salary20%
Female students2%Women on board1%

When it comes to MBA ranking- the weighted salary of alumni and the average salary increase have the highest weightage (20% each). Wharton improved its position in exactly half of the 20 different data points used by the Financial Times to rank MBA programs, losing ground in only four categories. The 10 improved metrics accounted for nearly two-thirds (65%) of the entire ranking.

Prospective students should take these rankings as a pinch of salt. Some schools see huge jumps and some have a major decline in ranking each year. Almost all of these changes in school ranks have nothing to do with the quality of these MBA programs. Instead, they are a reflection of school participation rates, sample size, and external factors like a strong U.S. economy that has sent salaries at most American MBA programs to record levels.

Here, is the list of the top 30 ranked business schools MBA programs according to the Financial Times MBA 2022 ranking. You can find the full rankings here: https://rankings.ft.com/rankings/2866/mba-2022

RankingSchool NameSalary % increaseLocationWeighted Salary (in USD)2021 ranking
1University of Pennsylvania: Wharton115US237,530
2Columbia Business School125US218,542
3INSEAD93France/Singapore186,7841
3Harvard Business School104US207,180
5Northwestern University, Kellogg School of Management117US201,4556
6Stanford Graduate School of Business114US218,805
7University of Chicago: Booth120US199,0463
8London Business School99UK174,1062
9Yale School of Management131US190,9414
10IESE Business School124Spain163,7804
11HEC Paris124France165,5587
11MIT: Sloan99US193,297
13SDA Bocconi School of Management122Italy174,96712
14New York University: Stern135US192,18813
14University of California at Berkeley: Haas110US207,853
16CEIBS147China174,8907
17Cornell University: Johnson142US181,82115
18Dartmouth College: Tuck114US188,78410
19Duke University’s Fuqua School of Business120US182,7779
20University of Virginia: Darden137US182,17411
21National University of Singapore Business School149Singapore159,87714
22University of Cambridge: Judge96UK165,66716
23Carneige Mellon: Tepper136US178,19427
24University of Michigan: Ross120US177,80321
25University of Southern California: Marshall131US179,09524
26UCLA Anderson School of Management110US173,473
27Georgetown University: McDonough135US170,88617
28IMD Business School66Switzerland164,19219
29Washington University: Olin123US144,23425
30University of Washington: Foster120US156,71528

For more information about your chances of being accepted to a top MBA program, why not contact ARINGO MBA Admissions Consulting today.

To view other rankings such as the US News, Business Week, Forbes and Economist Business Schools and top-ranked MBA Programs, check out our Top MBA Rankings page.